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TikTok: TikTok parent ByteDance’s valuation hits $300 billion, sources say

TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to...

Software

tik tok: TikTok parent ByteDance’s valuation hits $300 billion amid US ban uncertainty: report

TikTok's Chinese parent company ByteDance is valuing itself at about $300 billion after a recent buyback offer, the Wall Street Journal reported on...

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Alibaba layoffs: Alibaba Group lays off dozens of employees to cut costs: report

Chinese tech giant Alibaba Group has laid off dozens of employees at Yuanjing, its metaverse arm, as part of a broader restructuring effort...

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Founder of TikTok owner ByteDance jumps to top of China’s rich list

ByteDance founder Zhang...

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Bits & Bytes: Tesla unveils robotaxi, pledges it ‘before 2027’

Elon Musk unveiled Tesla’s self-driving robotaxi this week, predicting that it would be available by 2027. Musk said the fully electric car —...

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TikTok: US states accuse TikTok of harming young users

A group of 14 US states on Tuesday filed lawsuits accusing TikTok of ensnaring young users with addictive features, then harming their minds...

News

ByteDance plans new AI model trained with Huawei chips, sources say

TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from Huawei. | Photo Credit: Reuters TikTok's Chinese parent ByteDance...

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ByteDance: ByteDance plans new AI model trained with Huawei chips

TikTok's Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei Technologies, said three people familiar with...

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